NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Get Free Report) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 14,087 shares, a growth of 442.6% from the April 15th total of 2,596 shares. Based on an average daily trading volume, of 7,750 shares, the days-to-cover ratio is currently 1.8 days. Approximately 23.5% of the company’s shares are sold short.
NEOS S&P 500 Hedged Equity Income ETF Price Performance
NEOS S&P 500 Hedged Equity Income ETF stock opened at $56.07 on Thursday. The stock has a market cap of $3.36 million and a price-to-earnings ratio of 25.19. The firm has a 50-day moving average of $54.25 and a two-hundred day moving average of $54.89. NEOS S&P 500 Hedged Equity Income ETF has a 1 year low of $50.17 and a 1 year high of $56.10.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC increased its holdings in NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Free Report) by 339.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,015 shares of the company’s stock after acquiring an additional 6,190 shares during the quarter. Sound Income Strategies LLC owned approximately 13.36% of NEOS S&P 500 Hedged Equity Income ETF worth $424,000 as of its most recent SEC filing.
NEOS S&P 500 Hedged Equity Income ETF Company Profile
NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is an exchange traded fund launched and managed by NEOS Investment Management, LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is domiciled in the United States.
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